Adams Diversified Equity Fund Declares Distribution And Announces First Quarter Performance

Rhea-AI Summary

The Adams Diversified Equity Fund (NYSE: ADX) announced a distribution of $.05 per share from net investment income, payable on June 1, 2021.

This marks the second distribution in 2021, aligned with the fund's 6% minimum annual distribution rate commitment. For Q1 2021, the fund's total return on net asset value was 5.8%, with the market price return at 5.9%. Over the past year, the net asset value return was 53.4%, while market price return stood at 53.9%.

Net assets reached $2.35 billion, and net asset value per share was $21.16.

Positive

• Distribution of $0.05 per share contributes to the 6% minimum annual distribution rate commitment.
• First Quarter total return of 5.8% on net asset value and market price return of 5.9% shows strong performance.
• Annual total return of 53.4% on net asset value and 53.9% on market price reflects effective management and investments.
• Net assets increased to $2.35 billion, demonstrating growth.
• Net asset value per share rose to $21.16 from $14.64 year-on-year.

Negative

• Total return of 5.8% underperformed compared to S&P 500 at 6.2% and Lipper Large-Cap Core Funds at 6.4% in Q1 2021.
• The fund's annual return of 53.4% fell short of the S&P 500's 56.4% but exceeded Lipper's 54.8%.

BALTIMORE, April 15, 2021 /PRNewswire/ -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE: ADX) today declared a distribution of $.05 per share from net investment income, payable June 1, 2021, to shareholders of record May 18, 2021. This distribution represents the second payment this year toward the Fund's annual 6% minimum distribution rate commitment, which can be found at adamsfunds.com.  The Fund's distribution rate in 2020 was 6.8%.

FIRST QUARTER PERFORMANCE

"Signs of economic recovery, combined with government stimulus and a supportive Federal Reserve, drove the stock market higher in the first quarter. Our investments in Financials, Industrials, and Health Care were the primary contributors to our relative performance," said Mark Stoeckle, CEO of Adams Funds. For the three months ended March 31^st, the total return on Adams Diversified Equity's net asset value, with dividends and capital gains reinvested, was 5.8%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 6.2% and 6.4%, respectively. The total return on the market price of the Fund's shares for the period was 5.9%.

For the twelve months ended March 31^st, the total return on Adams Diversified Equity's net asset value, with dividends and capital gains reinvested, was 53.4%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 56.4% and 54.8%, respectively. The total return on the market price of the Fund's shares for the period was 53.9%.

NET ASSET VALUE
	3/31/2021	3/31/2020
Net assets	$2,348,986,742	$1,591,765,312
Shares outstanding	111,027,037	108,750,795
Net asset value per share	$21.16	$14.64

The First Quarter Report to Shareholders is expected to be released on or about April 23, 2021.

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Since 1929, Adams Funds has consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds, Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO). The Funds are actively managed by an experienced team with a disciplined approach and have paid dividends for more than 80 years across many market cycles. The Funds are committed to paying an annual distribution rate of 6% or more, providing reliable income to long-term investors. Shares can be purchased through our transfer agent or through a broker. For more information about Adams Funds, please visit: adamsfunds.com.

Contact:
Lyn Walther │Director of Shareholder Communications
800.638.2479 │ investorrelations@adamsfunds.com

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SOURCE Adams Funds

FAQ

What is the recent distribution declared by Adams Diversified Equity Fund (ADX)?

Adams Diversified Equity Fund (NYSE: ADX) declared a distribution of $0.05 per share, payable on June 1, 2021.

When is the distribution date for the Adams Diversified Equity Fund (ADX)?

The distribution date for Adams Diversified Equity Fund (ADX) is June 1, 2021.

What was the first quarter performance of Adams Diversified Equity Fund (ADX) in 2021?

For Q1 2021, the total return on net asset value for Adams Diversified Equity Fund (ADX) was 5.8%, while the market price return was 5.9%.

How did Adams Diversified Equity Fund (ADX) perform over the last twelve months?

Over the last twelve months, the total return on net asset value for Adams Diversified Equity Fund (ADX) was 53.4%, compared to a market price return of 53.9%.

What are the net assets and net asset value per share of Adams Diversified Equity Fund (ADX) as of March 31, 2021?

As of March 31, 2021, Adams Diversified Equity Fund (ADX) had net assets of $2.35 billion and a net asset value per share of $21.16.